Acknowledgments Introduction Part I New Issues in Financial Globalization 1．How Taxing is Corruption on International Investors? The Review of Economics and Statistics，82：1—11，2000 2．Currency Hedging and Goods Trade，European Economic RevJew，43：1371—1394，1999 3．Convergence to the Law of One Price without Trade Barriers or Currency Fluctuations(with D．Parsley)，The Quarterly JournaZ of Economics，447：1211—1236，1996 4．Insignificant and Inconsequential Hysteresis：The Case of U．S．Bilateral Trade(With D．Parsley)，The Review of Economics and Statistics，606—613，November 1993 5．Yen Bloc or Dollar Bloc?Exchange Rate Policies of the East Asian Economies(with J．Frankel)，Macroeconomic Linkages：Savings，Exchange Rates and Capital Flows， Takatoshi Ito and Anne Krueger(ed．)，The University of Chicago Press，295—329，1994 6．Price V01atility without News about Fundamentals，Economics Letters。37：453—458，1991 Part IINew Issues in Globalization and Regionalization of Trade 7．Regional Trading Arrangements：Natural or Supernatural? (with J．Frankel and E．Stein)，American Economic Review，86(2)：52—56，1996 8．Open Regionalism in a World of Continental Trade Blocs fwith T．Frankel)，IMF StaffPapers，45：440—453，1998 9．Trading Blocs and the Americas：the Natural，the Unnatural， and the Super-Natural?(with J．Frankel and E．Stein)， Joural of Development Economics，47：61—95，1995 10．Can Regional Blocs be a Stepping Stone to Global Free Trade? A Political Economy Analysis(with J．Frankel)，International Review of Economics and Finance，5：339—347，1996 1 1．Open versus Closed Trade Blocs(with J．Frankel)，Regional versus Multinational Trade Arrangements，Takatoshi Ito and Anne Krueger(ed．)，The University of Chicago Press， 119—139．1997 12．Regionalization of World Trade and Currencies：Economics and Politics(with J．Frankel)，The Regionalization of the World Economy，J．Frankel (eds)，The University of Chicago Press， 189—219，1996 Part III Political Economy Issues of Reform Strategies 13．Gradualism versus Big Bang：Speed and Sustainability of Reforms，Canadian Journal of Economics， XXX(4b)：1234—1247，1997 14．To Shock or Not to Shock：Economics and Political Economy of Large—Scale Reforms(with P．Lian)，Economics and Politics， 10：161—183，1998 15．Corruption and Economic Development in Asia，Integrity in Governance in Asia，UNDP(eds)，39—53，1998 Part IVChina in the Worid Economy 16．Attracting Foreign Direct Investment：Has China Reached Its Potential?China Economic Review，6：187—199，1995 17．The Open Door Policy and China’S Rapid Growth：Evidence from City—Level Data，Growth Theories in Light of the East Asiah Ex?pcrience，Takatoshi Ito and Anne Krueger(ed．)， The University of Chicago Press，73—98，1 995 18．Foreign Direct Investment in China~Sources and Consequences， Financial Deregulation and Integration in East Asia， Takatoshi Ito and Anne Krueger(ed．)The University of Chicago Press，77—102，1996． 19．Noise Trading in the Chinese Stock Market，F(xiàn)／nancial Market Reform in China：Problems，Progress，and Prospects， B．Chen，J．K．Dietrich and Y．Feng (ed．)，Westview Press， 221—241，2000 20．The Siamese Twins：Do State—Owned Banks Favor State—Owned Enterprises in China?(with Tao Wang)， China Economic Review，8：19—29，1997
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